FY23 Interim Highlights

	60.5 cents \| up 6.1% Interim dividend
	19.3%¹ Total return for the 12-month period
	18.6% and 16.5% Growth in rental income and net property operating income
	9.7%\| SA 9.0%; UK 11.4% Growth in same-store rental income
	6.8% and 8.4% Same-store SA and UK average rental rate
	60 100 m² GLA\| SA 30 300 m²; UK 29 800 m² Increase in portfolio occupancy \| Same-store closing at 89.5% SA and 91.8% UK
	R9.82 billion² \| up 23% Investment property value
	10.5% Tangible net asset value up to R14.47
	30.1% Loan To Value (LTV) ratio, with net debt effectively hedged at 85% + for 3.5 years
	Eight new properties Scheduled to open over next 18 months (SA 4; UK4)
	Sandton development rights obtained Four and a half year town planning process
	New trading property \| Acquisition complete Think Self Storage in Parklands (Cape Town)
	14 properties \| Development pipeline Secured four new opportunities (SA 2; UK 2)
	10 properties \| SA development pipeline Representing c. R900 million and 60 800m² GLA
	Nedbank JV Construction commenced at Morningside and Bryanston
	Moorfield JV Construction commenced at Heathrow, Bath and Canterbury

¹Calculated as distributable income per share for the year plus increase in tangible net asset value (TNAV) per share as a percentage of TNAV at start of the year.
²Net of leasehold obligations and excludes properties held in JVs.